Bill Summary for H 569 (2017-2018)

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Summary date: 

Apr 20 2017

Bill Information:

View NCGA Bill Details2017-2018 Session
House Bill 569 (Public) Filed Wednesday, April 5, 2017
AN ACT TO ALLOW PRODUCTS SELECTED BY THE EMPLOYEE INSURANCE COMMITTEES TO BE OFFERED ON A PRETAX BASIS.
Intro. by Dollar, Malone, Destin Hall, Corbin.

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Bill summary

House committee substitute makes the following changes to the 1st edition.

Adds that the products selected by the Employee Insurance Committee that can be offered on a pretax basis pursuant to GS 58-31-60(c), as amended, are limited to products that qualify as a cafeteria plan under section 125 of the Internal Revenue Code.